Chris Lucas quietly snares Melbourne building from landlord
EXCLUSIVE Chris Lucas has snared the historic Melbourne building, the lower levels of which house his Japanese restaurant Kisume, for
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Vital, Centuria sell Gold Coast assets
Dexus has added the first asset to its $1.8 billion Healthcare Property Fund since a capital raising two months ago
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Stadia secures ex-union HQ on high yield
Stadia Capital has swooped on a B-grade office – until seven years ago owned by the Australian Workers Union –
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Forza snares Sydney office on high yield
Forza Capital is buying an almost fully-let A-grade Sydney office from Investa Property Group. The $138.14 million deal for 117
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Centennial completes $163m Sydney spending spree
Centennial has bought two Sydney investments for its four month old Industrial and Logistics Enhanced Value Partnership (CILEVP), co-controlled with
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Office sector enters second year of record high vacancy
Australia’s CBD office vacancy rate rose again over the last six months – from 12.6 to 12.8 per cent –
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Shakespeare checks out of Canberra hotel
Sydney based fund manager Serene Capital has snapped up an office converted hotel, five kilometres south of Canberra’s parliamentary precinct
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Pension funds trade $560m industrial portfolio
The National Pension Fund of Korea (NPF) has sold a half stake in a 10 year old industrial fund to
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Ford lists enormous piece of Campbellfield plant
EXCLUSIVE Ford has listed an enormous piece of its ex-Broadmeadows Assembly Plant and headquarters – actually in Campbellfield – with
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Brookfield, Citiplan buy another student accommodation site
Plans for a 91 storey build to sell apartment tower overlooking Brisbane’s City Botanic Gardens have been shelved with the
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Wentworth, University of Sydney strike life sciences campus deal
Wentworth Capital has struck a 99 year lease for the University of Sydney’s Medical Foundation building, which will be rebuilt
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Cancer clinic coming to Noosa Heads
Trident Property Advisory and Cancer Care Associates – a service provider – have swooped on a permit-ready development site opposite
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University snaps up two sites near campuses
Monash University has outlaid about $80 million on sites near campuses. In the biggest deal, the group is spending c$50m,
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AU swoops on Melton site for hospital
Australian Unity has snapped up a development site near the $900 million Melton Hospital, due for completion in 2029. The
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CBA to shift HQ
Cbus has secured the Commonwealth Bank to a quarter of a 48 level skyscraper, set to be the centrepiece of
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Petrol tsar buys Broadmeadows Central stake
Vicinity has sold a half stake in another mall – this time Broadmeadows Central, in Melbourne’s north. The interest in
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Charter Hall, Investa secure another law firm to Brisbane office
Charter Hall and Investa have secured Herbert Smith Freehills to a Premium grade office under construction at 360 Queen Street.
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Mintus snaps up another shopping centre
Mintus has purchased Bathurst Chase from Quanta Investment Funds. The Parramatta based buyer is paying $17.5 million – reflecting a
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Raptis buys Central Coast shopping centre
The Raptis Group has snapped up the Deepwater Plaza, in Woy Woy, from Dexus. The $111 million off-market deal, speculated
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Woolworths banks $108m from malls
Woolworths has offloaded three east coast malls with leasebacks. In the biggest deal, the supermarket giant is banking $41.8 million
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Toll pre-commits to its largest Australian distribution centre
Toll Group has pre-committed to what will be its biggest Australian distribution and fulfilment centre. Covering 10.8 hectares – or
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Haben buys stake in FNQ mall
Another asset forming part of the AMP Shopping Centre Fund – the management of which was recently taken over by
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Mirvac sells two major CBD offices
Mirvac has found buyers for two major commercial properties listed in October. In the biggest deal, the group, with 50:50
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Quintessential swoops on Sydney tower
Dexus is a step closer to selling one of two Sydney offices listed last quarter. The group is banking $293.1
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Isuzu snares wrecking yard from Centennial
Centennial has sold a former wrecking yard at Stapylton to Brisbane Isuzu which plans to occupy. In the Yatala Enterprise
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Green light for redesigned vertical aged care, retirement home
Brisbane City Council has approved an amended plan by Australian Unity to develop a vertical aged care complex with three
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HMC snares $1.2b hospital portfolio
HMC Capital has picked up a portfolio of 11 hospitals, seven which will be held by two trusts. The $1.2
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Terraform list historic Accountants House
Hong Kong based Terraform Capital has listed The Rocks’ historic Accountants House after three and a half years. The six
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Altis, Maximise invest in business parks
Altis Property Partners has scooped up a two hectare business park in Brisbane’s inner north Eagle Farm – spending $32.25
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Ashurst to switch Martin Place HQ
Ashurst – which turned 200 last year – will relocate its Sydney headquarters within Martin Place. The law firm has
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IP Generation snares mall stake below valuation
Chris Lock’s IP Generation has snapped up a half stake in south west Perth’s Rockingham Centre for $180 million. The
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Leather carer to develop distribution centre
Shoe and leather care product maker Waproo will develop a distribution centre on a Truganina site it just acquired for
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Autosports snares Motorline dealerships, body shops
The 16 year old Autosports Group has purchased three more Queensland car dealerships and two panel repair shops for a
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Mintus picks up Brisbane mall
Mintus has made its first major real estate play since January – picking up the Beenleigh Marketplace, south east of
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Capsule hotel collects $13.5m
One of a handful of Australian capsule hotels – built into a small seven storey Haymarket building – is speculated
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AMP, HB+B divest Chippendale office
AMP Capital and HB+B Property have divested a Chippendale office for an impressive capital gain. At 55-59 Regent Street, the
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Occupiers spend over $18m in Truganina
Occupiers have swooped on two Truganina industrial assets. In the biggest deal, Success Logistics paid $13.5 million for a 5061
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Aria snares South Brisbane offices for apartments
Aria Property Group has picked up two low rise, soon-to-be-vacated South Brisbane offices with plans for a high rise apartment
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Former ‘Bond Tower’ trades for $340m
Lendlease and Realside are picking up one of Perth’s most prominent office skyscrapers – developed in the late 1980s by
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Another Melbourne investor buys Brisbane office
Yak Yong Quek’s Shakespeare Property Group is continuing a major spending spree, this time with a $66 million Brisbane CBD
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Gateway WSA site hits the market
An enormous commercial development site opposite the south west boundary of the Western Sydney Airport, at Luddenham, has hit the
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Council approves $3b Central station project
The City of Sydney has given the green light for two more skyscrapers – of 37 and 35 floors –
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Mirvac offloads Southbank office
Marquette Properties has swooped on one of seven buildings in Brisbane’s Southbank – outlaying $104.4 million. Mirvac was the vendor;
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Fund manager lists Warrnambool shopping centre, land
MA Financial, formerly known as Moelis Australia, is selling another shopping centre. The Gateway Plaza at Warrnambool carries $70 million-plus
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Melbourne restaurateur banks premium from Sydney bolthole
Chris Lucas has sold his Potts Point apartment for an undisclosed price, speculated to be about $6 million. Any deal
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Canva spends $120m on unrenovated Sydney office
Canva is speculated to be paying just over $120 million for an unrenovated vacant office up the road from its
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SLMC secures another Victorian shopping centre
A partnership between Sim Lian Group and the listed Metro Holdings Limited, both from Singapore, has snapped up Shepparton Marketplace
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Charter Hall snaps up Collins Place with development plan
Charter Hall has quietly purchased the freehold to the 1.34 hectare Collins Place complex, in Melbourne’s exclusive eastern core, for
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Ex-Wallaby scores another Sydney pub
Ex Wallaby Bill Young has added to his hotel portfolio – which is entirely in New South Wales – picking
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Charter Hall swoops on $300m Perth business park
Charter Hall is purchasing a half dozen industrial investments and another six under construction, within the ROE Highway Logistics Park,
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Hospitality boss snares ex-AFL House
Hospitality tsar Fab Ippoliti has purchased East Melbourne’s former AFL House. The five level, B-grade office at 120 Jolimont Road,
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The Hour Glass spends $82m for prime city corner
The Hour Glass has paid $82.2 million for a prominent Brisbane property part-occupied by one of its brands. The deal
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Boeing leases a third of Brisbane office
Boeing has pre-committed to a Brisbane office being renovated by Dexus. The aviation group has signed up for 12,000 square
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Nolan consolidates to Dandenong South HQ
Nolan Group will consolidate several south east locations, including its Dingley Village headquarters, to a Dandenong South office/warehouse (artist’s impression,
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Forrests buy Perth mall with redevelopment plan
Andrew and Nicola Forrest’s Fiveight – a property investment arm of the pair’s Tattarang – has picked up Perth’s Carillon
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Burson leases Preston showroom
Burson Auto Parts has leased a modern Preston office/industrial building for a store. The Bapcor brand is paying starting annual
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RMA leases Mickleham warehouse
Dexus is the latest landlord to be rewarded for building a large warehouse on a speculative basis, securing a lease
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Prestons warehouse trades at record low 3.35pc yield
A warehouse under construction at Prestons has sold to Pittwater Industrial for $58.255 million reflecting a record low yield for
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Amazon chooses Melbourne for first Australian sort centre
Amazon will open its first Australian sort centre at Goodman Group’s Amaroo Business Park, in Craigieburn. The 15,600 square metre
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NorthWest, GIC tip $2.4b into healthcare fund
Toronto listed NorthWest Healthcare Properties with Singapore sovereign wealth fund GIC will invest another $2.4 billion into a healthcare joint
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Centuria, Morgan Stanley form healthcare fund
Centuria has formed a joint venture with Morgan Stanley Real Estate Investing to acquire and develop healthcare product. The Centuria
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IJ Capital exits Gold Coast mall
IJ Capital has sold a Gold Coast mall after two years and a renovation. Benowa Gardens, at Benowa, four kilometres
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Growthpoint pays $125m for Hawthorn East office
Growthpoint Properties has paid $125 million for a recently completed office in Melbourne’s leafy Hawthorn East. The campus style building,
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Marquette, Mercer snap up Brisbane offices
Major fund managers have outlaid over $540 million for two Brisbane CBD offices. In the biggest deal, Marquette Properties, backed
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Mintus buys Parramatta office, development site
Mintus has paid $154 million for an A-grade Parramatta office and neighbouring development site permit-ready for another. The off-market deal
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AMP snares balance of Macquarie Centre, Pacific Fair
AMP has taken full control of the Gold Coast’s Pacific Fair and Macquarie Centre in Sydney after striking a $760
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Abacus, Blackstone trade Sydney office
Abacus has exchanged contracts to purchase 77 Castlereagh Street from Blackstone. The 11 level office on airspace over the Westfield
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Growthpoint acquires Canberra office, cashes up
Altis has offloaded Canberra’s former Penrhyn House after four years. The six storey office, 2-6 Bowes Street, at the south
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Blackstone spends $2.1b for stake in logistics portfolio
Blackstone, via its Core+ Real Estate strategy in Asia, will pay $2.1 billion for a 49 per cent stake in
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Blackstone snaps up Grosvenor Place half stake
Blackstone has snapped up a half stake in Sydney’s Harry Seidler designed Grosvenor Place. The deal – worth $925 million
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QIC offloading Gold Coast mall
IP Generation is speculated to be paying c$200 million for a half stake in both Westfield Helensvale and the neighbouring
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Shayher buying offices in Brisbane, Sydney
Taiwan backed Shayher Group is outlaying over $600 million on east coast office investments. In the biggest deal, the group
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Australian Unity snares three aged care investments
Australian Unity is paying $93.65 million for three Queensland aged care investments. The leaseback deal is with McKenzie Aged Care,
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ESR divests Canning Vale warehouse
Decorative services group Borg has paid $18.5 million for a part-vacant Canning Vale warehouse. The seller, ESR, picked up the
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Blackstone makes $1.7b play for DALT stake
Blackstone is looking to take out a 49 per cent stake in the $3.5 billion Dexus managed Australian Logistics Trust
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Phoenix Transport expands in Berrinba
Phoenix Transport has leased a modern Berrinba warehouse held by ARA LOGOS Logistics Trust. The occupier has committed for an
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Cbus, UniSuper strike Australia’s biggest retail deal
Cbus Property and UniSuper have partnered with AMP Capital to acquire stakes in two major shopping centres for a total
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Ascot offloads industrial, office portfolio
Ascot Capital has sold an $800 million-plus commercial property portfolio. The bulk, 23 logistics investments and an office – all
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Charter Hall spends $102m on Adelaide industrial
Charter Hall has purchased two government backed industrial investments for a total of $102 million. They will be held in
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Vicinity acquires Harbour Town stake
Lendlease has sold its half stake in Gold Coast’s Harbour Town shopping centre for $358 million. Vicinity Centres is the
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